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By 2025 half of Ontario's installed generating capacity will come from renewables

By 2025 half of Ontario's installed generating capacity will come from renewables

Date

10 December 2013

NEW YORK: The Canadian province of Ontario has released its Long-Term Energy Plan, which boasts a surge in renewable energy to totalhalf of the state’s installed generating capacity by 2025.

The Long-Term Energy Plan (LTEP), Achieving Balance, lays the strategy for cleaner energy in the province of Ontario based on public surveys.

Compared to Ontario’s previous LTEP, the plan reduces projected cost increases by over US$15 billion from 2013-17 and US$66 billion to 2030, despite its commitment to phase out coal-fired generation by the end of 2014.

Ontario's LTEP also lists the following:

Implementing conservation programs and standards to offset growth in electricity demand over the next 20 years.

Reducing costs for consumers, with industrial consumers forecast to pay over US$10 million less up to 2030.

Introducing financing tools for consumers in 2015 such as energy efficiency retrofits.

Increasing wind, solar and bioenergy, with 10,700 more megawatts online by 2021 compared to last year’s LTEP, and about half of Ontario’s installed generating capacity to be renewables by 2025.

The plan is the result of input from almost 8,000 Ontarians who contributed their ideas on energy issues online and in person earlier in the year.

Since 2003, Ontario, a member of The Climate Group, has invested almost US$20 billion in cleaner generation. Bob Chiarelli, Minister of Energy for Ontario commented on LTEP: “This plan reflects what we heard from thousands of people and dozens of organizations right across the province. Our vision for Ontario is to create a clean, affordable and reliable energy system that focuses on conservation and addresses regional needs.”